UPDATE 2-News Corp taps Liberty for possible Hughes bid


(previous MELBOURNE, adds details throughout) By Sonali Paul and Sinead Carew MELBOURNE/NEW YORK, March 28 (Reuters) - Rupert Murdoch's News Corp Ltd may tap John Malone's Liberty Media Corp for $500 million, a deal that could help finance a possible bid for the owner of U.S. satellite broadcaster DirecTV. The agreement -- which gives Liberty the option to buy $500 million in preferred News Corp stock -- raised the likelihood that the two media moguls would make a joint offer for ...

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